The real estate prices are coming down everywhere and this is true for Toronto as well. So when you are buying property you need to consider the purpose. That is, are you buying to stay there or is it just for investment purposes.

If it is an investment, probably you should look at other areas and not real estate because why spend more today when you can get it for less tomorrow (experts are saying that real estate prices would fall even more).

It is probably best that you seek some professional advice before you make that investment decision. You know these guys are experts and it is their job to offer expert advise. You need to think twice before investing your money in these troubled times. But then there are opportunities to prosper as well.

If you need a financial planner or advisor you can find one here - http://www.respond.com/financial-planners/find.html. I tried the planners they have here and they sure looked experienced and qualified.